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Posts tagged “carbon tax”

By Matthew Stepp on Apr 26, 2013 with 8 responses

Thomas Friedman’s Evolving Support for an Innovation Carbon Tax

Bringing together climate policy and innovation to form a cohesive carbon tax proposal reframes U.S. climate advocates’ near-myopic focus on carbon pricing, mandates, and subsidies and expands the discussion on how we can use those tools to spur innovation, writes Matthew Stepp.

By Robert Rapier on Sep 24, 2009 with no responses

Gas Taxes and Long Range Energy Planning

I consider the level of dependence of the U.S. on imported petroleum to be a very large financial risk endangering the country’s future. There are certainly other import-related risks as well, but here I want to talk about the financial risk. I consider it similar to having a mortgage upon which you pay interest each month – but in which the interest rate can fluctuate wildly. If you typically pay 7% interest on your mortgage, but your rates quickly climb to 12%, a lot of people would find themselves in a deep financial hole. Come to think of it, a lot of people did when they found themselves in a similar situation. They gambled on the future and lost. With… Continue»

By Robert Rapier on Sep 21, 2009 with no responses

About That $72 Billion Subsidy

I am going to be pretty busy for the next few days, and probably won’t be able to put anything new up until at least mid-week. Until then, over the past few days there have been a lot of headlines about a recently released study from the Environmental Law Institute. The study concluded that over the past seven years, fossil fuels have benefited from some $72 billion in subsidies. Their headline was innocent enough:U.S. Tax Breaks Subsidize Foreign Oil Production (Washington, DC) — The largest U.S subsidies to fossil fuels are attributed to tax breaks that aid foreign oil production, according to research to be released on Friday by the Environmental Law Institute in partnership with the Woodrow Wilson International… Continue»

By Robert Rapier on Sep 18, 2009 with no responses

The API on Cap and Trade

Yesterday the American Petroleum Institute conducted a blogger’s conference call to talk about various energy issues that they are focused on. I used to regularly attend these calls, but things have been quite busy and it has been a while since I participated. But I thought it would be worthwhile to check in and find out which issues they are currently occupied with. I asked one question on cap and trade during the call (see below). The API listed three key areas that they are focused on. These are the Waxman-Markey climate bill, which they think will cost jobs (particularly in the energy industry), domestic access to petroleum resources, and taxation of the oil and gas industry. Participating from the… Continue»

By Robert Rapier on Jun 29, 2009 with no responses

Tariffs in the Climate Bill

A number of people have written to ask why I haven’t commented on the climate bill. There are two reasons. First, the House and Senate versions are very different, so the final form may not resemble the version the House just passed. Second, I haven’t had the time to read through much of it. There was one issue that I considered quite important, but I didn’t know whether it was in the bill. Jim Mulva was recently quoted as saying that the climate bill would impose higher taxes on domestic fuel versus imports. While we can agree that Mulva’s comments are self-serving, I also believe that most people would oppose a bill that shifts more of our fuel supply to… Continue»

By Robert Rapier on Jun 16, 2009 with no responses

Mulva on Replacing Oil

My former CEO Jim Mulva spoke today at the National Summit in Detroit, and had some newsworthy comments. Bloomberg reported on his talk: Conoco Chief Says Replacing Oil May Take a Century June 16 (Bloomberg) — ConocoPhillips, the third-largest U.S. oil company, said it may take a century for the nation to replace fossil fuels with alternative energy sources. I don’t know of too many people who think we have a century’s worth of oil left. Natural gas and coal? I also seriously doubt we have that much of either of those, especially allowing for economic growth. What I think this means – in any case – is that we have some potentially difficult times in front of us. However,… Continue»

By Robert Rapier on May 24, 2009 with no responses

Book Review: Why Your World Is About to Get a Whole Lot Smaller

Jeff Rubin – the former chief economist at CIBC World Markets – has always struck me as someone who “gets it.” I have seen him do a number of interviews, both on television and in print – and he consistently sounds the alarm on peak oil. He understands very well that cheap oil is the lifeblood of the global economy, yet this is an era that will soon come to an end. His new book – Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization – goes through the peak oil story in a way that I initially thought of as “Kunstleresque“, but I changed my mind as I got deeper into… Continue»

By Robert Rapier on May 13, 2009 with no responses

Raise Wages, Cut Carbon Bill

I don’t normally post press releases that are e-mailed to me (I get 4 or 5 every day), but this one is important to me. (See my essay The Case for Higher Gas Taxes for my revenue-neutral proposal which is along the same lines as the bill that has now been filed). On this topic, I am also currently reading Jeff Rubin’s new book Why Your World Is About to Get a Whole Lot Smaller and Rubin makes the argument that with a tax on carbon emissions, you can then put carbon tariffs on high emitters like China. In this way, many of the high energy industries – such as steel manufacture – will become much more competitive back in… Continue»

By Robert Rapier on Apr 16, 2009 with no responses

Does This Look Familiar?

Regular readers know that I am a proponent of a carbon tax with income tax offsets. See my essay The Case for Higher Gas Taxes for details. A bill proposing that has now been proposed: Revenue-Neutral Carbon Tax: The Raise Wages, Cut Carbon Act of 2009 I’m Bob Inglis from South Carolina’s Fourth District. Thank you for being part of this virtual hearing on our bill—The Raise Wages, Cut Carbon Act of 2009. I’m here to talk about—and give you the opportunity to talk about—how to make this bill even better. Let me start by describing where I think we are. Polling data shows for the first time in a number of years that people are actually valuing the environment… Continue»

By Robert Rapier on Jan 6, 2009 with no responses

A Simple Climate Tax Scheme

The following guest post is by Bob Findlay, a self-employed open source software engineer who lives on a small farm just outside Toronto. —————————- On 07 Apr 26 an Oil Drum blogger named Squalish ( wrote a response to a debate about government’s role in climate change policy. In that piece Squalish described an idea whereby all CO2 taxes would be pooled into a separate fund and “rebated annually in an equal amount to every US taxpayer”. This got me thinking. What a clever idea but why not bypass the government coffers entirely? Here is how a simple scheme might work as illustrated by the story of Joe Average and Jane Median. Joe and Jane live in different jurisdictions. Both… Continue»